chapter 6 cards
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a proposal to make a contract
what is an option
a binding promise to hold an offer open
t/f. an offer should be definite?
offeros termination of an offer
an offeree's silence is a valid acceptance if the offeror states in the offer that silence is an acceptance
y/n are business contracts typically implied solely from the parties conduct
y/n under common law , must all offers be definite as to price?
y/n, if the offeree reasonably believes that an offer is seriously intended even though it is made in jest, can a binding conract be made?
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